Ripple (XRP), the third largest cryptocurrency by market cap, has received another tailwind of positive news in the form of adoption by one of the high profile banks in the Middle East, Kuwait House of Finance. The bank said that it would use Ripple’s technology to process international payments for its customers. The bank said…

Photo: Can Pac Swire / Flickr The service is launching with a remittance corridor to Jordan only, but is expected to expand to more countries in the near future, the bank said in a statement. NBK has a presence in China, Geneva, London, Paris, New York, and Singapore, and regionally in Lebanon, Jordan, Egypt, Bahrain,…

South Korean payments firm Coinone Transfer has introduced the country’s first blockchain-powered remittance mobile app and web service. Coinone Transfer is a subsidiary of crypto exchange Coinone that focuses on remittances. In May of this year, Coinone Transfer joined RippleNet to use xCurrent, Ripple’s blockchain solution for cross-border payments and settlement, to allow customers to…

Swell, one of Ripple’s major annual event is to kick-off starting today, October 1st. As described on its homepage, “Swell connects the world’s leading experts on policy, payments and technology for the most provocative dialogue in global payments today.” Things to Expect at the Swell Conference The key highlight of the event is that the former…

Financial institutions around the world keep a close eye on blockchain technology. This new technology can introduce a lot of positive changes over time. Kuwait Finance House is planning to join RippleNet. This particular bank wants to achieve instant blockchain payments sooner rather than later. RippleNet is the blockchain payments venture by Ripple. So far, the…

Major corporations around the world are paying close attention to blockchain technology. Especially Ripple’s network is of great interest among Asian firms. Mitsubishi Corporation, together with a few partners, are planning to move real funds over RippleNet. This is another validation of Ripple’s existing technology, which is being trialed by various payment service providers. Mitsubishi…

Mitsubishi Corporation, the well-known automotive manufacturer, along with a few partners, have intentions of shifting real funds over Ripple’s network. Mitsubishi and Blockchain Mitsubishi, the internationally known Japanese car producer, has launched a blockchain trial together with MUFG Bank, Bank of Ayudhya, and Standard Chartered Bank. This blockchain project focuses on RippleNet, which has technology…